Business news

Business

Disney+ streaming service hits 50 million users

The Walt Disney Company on Wednesday said its television streaming service has already won 50 million paid subscribers just five months after its launch in the US.

Business

Air France-KLM sees more than 90% of planes grounded

Air France-KLM passenger numbers plunged nearly 57 percent in March and it expects more than 90 percent of its planes to be grounded this month and in May due to the coronavirus crisis, the group said Thursday.

Business

Airbus cuts production by one third due to pandemic

European aircraft manufacturer Airbus on Wednesday said it had cut production of its planes by around a third, as global airlines scale back their plans in an unprecedented crisis for the industry.

Business

TikTok's time: video platform sees appeal growing during lockdowns

This is TikTok's time. The social video platform which was already a favorite of teens is increasingly being used by adults looking for ways to pass the time during coronavirus lockdowns.

Business

Korean Air puts 70 percent of staff on leave

South Korea's flag carrier Korean Air will put 70 percent of its 19,000 staff on furlough, it said, as it scrambles to cope with the coronavirus pandemic that has brought global aviation to a standstill.

Business

China becomes world's top patent filer: UN

China last year became the world leader in international patent filings, unseating the United States which had held the top spot for more than four decades, the UN said Tuesday.

Business

WeWork sues Japan's SoftBank for backing out of deal

Office-sharing giant WeWork on Tuesday sued SoftBank claiming the Japan-based technology investment group breached its contractual obligations by backing out of a $3 billion rescue plan.

Business

Online grocery services struggle to meet spike in demand

A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they've been struggling to keep up with a surge in orders, highlighting their limited ability to respond to an ...